quarter XXXX you morning to first well. your call. are and call loved Welcome Good other participants. I our of and hope that to all analysts, shareholders, our earnings ones
priority our is overarching health the Brookdale, of associates. and residents and At well-being our
hit overnight Oklahoma I an start with our weeks significant a damage update reason, few building. on tornado an this the causing ago, to Shawnee to want community For that
proud plans face that acted say our immensely and flawlessly. the danger, me calm evacuation the and of I'm in with communities bravery, crisis incredible team remaining who executing of Let
report to associates residents I that or none injured. of am were As grateful severely a result, our
quickly quickly and scale, able the to every prior natural organization residents. and our experienced and With We to of responded. disasters across were appropriately on-site security have mobilize the teams help ensure Brookdale's associates and safety size time our we
to to associates at I'd worked in residents, worked heartfelt hard both Oklahoma. like them who express stepped care home care our who make my the their are for destruction dedicated moment in for following who to safety communities gratitude tornado a take those them tirelessly helped to ensure in sister feel to the during our to our who
to and Our our team's courageous honored residents and of individuals. work true commitment such the demonstrate Brookdale and to spirit resilience alongside I compassionate am
still have we insurance At estimates range. gathering into incorporated reimbursement. and our present, estimate second-quarter reconstruction Recognizing we guidance our information are this possible best regarding uncertainty,
the to forward months. look and reconstruction community Shawnee begun have in We coming our reopening
quarter paved year, room engage, in all several and XXXX the as and strong health also grateful is for but an associates. Like retain spoke care strategic every our rate; by they I personalized high-quality results and service. support service and earn providing the by a year expectations, family teams our not of valued incredibly and priorities February years, priorities to the associates; seen trust develop, Brookdale of the start surpassing exhibit. and best available and for the including work of satisfaction strategic and profitable important all leadership In our XXXX and am and only These have way I well-being key best resident plans attract, at I evidenced residents the first hard for
early passionate the an Brookdale program we've very launched program and Brookdale. about strategic that like of a on pilot been to mind care technology-enabled, coordination long-term In called this with on update proactive, overarching working provide is community-based, we progress It I'd HealthPlus. XXXX, here are in at a priority
evidence-based registered It care residents' life and and is who residents' of specialists, effective quality coordination care care managers preventive helps to access improve latest coordination. enable a residents' and other members. nurse to These help works health designed manager HealthPlus primary responsive, use wellness. by to technology family promote communication providers, with HealthPlus through the community providing with care tools each care
we measuring Throughout this on success. our and to continue refining focus efforts the program, innovative new pandemic,
an During the were this pilot pilot value-based of we results. program's The assess independent third ensure to engaged delivering outcomes, party the extremely to were we results promising.
visits fewer room housing. The and data urgent fewer had revealed communities similar HealthPlus or than and care residents hospitalizations emergency private residents that and
Importantly, health the as which occupancy are increases. improving, in data also retention rate showed bonds higher results favorable resident
higher move-ins and operational HealthPlus of more areas. have communities focus retention our associate meeting two also
expect healthcare program and our improve quality while reducing life We families, this the overall system. residents, further residents' to and of cost will their satisfaction
to it tremendous Now proactive end integrating will this favorable HealthPlus program into is we and quarter. additional associates, outcomes Brookdale for before on will success. communities opportunity shareholders. we XX time from communities XX and produce expanded the and the second that see and In our I optimistic XX build this HealthPlus residents, for April, to be of innovative we I'm
The market differentiating for beyond. to integrated XXXX only the not As in continued of roll industry creates we success, as and many benefit Brookdales and innovator. value HealthPlus leader expect this it additional demonstrate and we residents, to introduction position further Brookdale establishes for an stakeholders program our creates out communities
first first Pivoting in I rate. our quarter at profitable to service get When now to the best room consider every results. priority
the January resident first One in-place of the most quarter considerations the critically rate increase. X important is in
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throughout inflationary quarter both the for and optimism to an Executive this certainty challenging in rate of period the as and an leadership we process. even plans but and our this have historic in have this rate any the more increase Team data been following I couldn't increase been to uncertainty as when the move-outs grateful be macroeconomic their environment increase laid we like increase. changing. entered the rapidly has Directors controllable it's the more The is rate for the in with result didn't case. setting was first out for typical much rate never environment expected Field net predict historically with process We becomes as An
of believe both benefit and very sales, first conditions. move-in outstanding Importantly, supply remained last history, is our of and operations, our the teams work of compelling combined volume evidence outperforming with strong, clinical pre-pandemic marketing, year demand which quarter I and the
with of hindsight, decisions appropriate action the the and Stepping back looking and was I translated into strong pricing results. at benefit believe first our quarter
plans of the also labor to our the strategic During filled operational that and to quarter, as number working increase executed successfully opposed or by time are Brookdale associates ships contract overtime. we first on regular
to necessary with with dedicated the shifts significantly fill is and premium providing increases it labor, cross-functional cost analysis. insights it When support of service
teams and ensuring growth. the execution continued EBITDA diligence coupled meet premium where residents' of we needs, supported high-quality services, in our leaders cross-functional successful regulations our care adjusted of identify January and while with our applicable expense labor improve areas with year-over-year we to remain compliance that rate the Our increase, of opportunity continue could offer community X
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Directors, District they Health local Our Executive Leaders to are and markets. mission teams, Wellness to which include this their essential are and Directors, local closest as
responsible Executive In their offerings appropriately our effectively. our District for communities managing service Leaders and particular, Directors positioning and are
in excellence and quarters and I and will business capturing appropriate for them high-quality growth significant continue we'll that rewards to lies as to seniors achieve personalized who through am providing for years enrich in services. ahead and embraced of topline consistent lives more expansion care opportunity and aim growing success We margin incredibly the provide to the the operational have support they to their their those grateful come. valued
Reflecting quarter momentum. recovery have on confidence achieving on we are to building we the the and start path each execution, course firmly gained long-term success. our successful year, our are to of With in to continued
for will return sales growth operational believe execution to adjusted plans, us posture, strategic and translating Our are cash this we and flow into free growth near positive future. sustainable the in
financials turn to Dawn remarks, our her we've will quarter made decisions And leases. portfolio first about recent In and additional now provide our second I'll on both the expectations. color quarter and
our properties for X% In of notice February, unit than representing we a lease total a less XX-community LTC of count. provided non-renewal
the Brookdale we renewal would do shareholders. While and of our productive long-term we lease this relationship have extending of long a under to believe benefit be the not with terms LTC, had option and the
and will with work the the to No these date lease we'll LTC is to communities. impact XXXX, of term financials expected of on our operate as material smooth these We communities XXXX result a this transition non-renewal. December of XX,
of business week, position. will been the transaction. strengthening second last about sale the It portfolio completed very disposition Since our assets, is liquidity successfully our we've quarter sale spoken further have our in of this our management on operations. and community. fee asset of joined we we simplifies Another entry transaction Brookdale, I gain Last the result the diligent in and
believe this unique with Welltower triple-net several eliminate transaction our shareholders The covenant. favorable and to to leases completed amended We we our Lastly, ways. transaction is long-term net beneficial worth improving agreements. amend by lease a position in our Brookdale a
containing As additional a to in part pool two and CapEx Welltower for to $XX its of extended lease make we portfolios. mature communities was transaction, leased of this investments across of that a available XX million has XXXX landlord-funded due agreed
that years. the additional and lease occupancy with we annualizing funding, the first bolster negotiated The recovery. of portfolios flow portfolio can By our the improve from next cash was within lease and quarter near-term few opportunity positive communities extending had when results the CapEx has over additional of coverage these extended the liquidity the lease continued
have beneficial reached We transaction. mutually a are pleased to
in development and to that portfolio I potential, excellent of support Kaestner Teddy and communities proud led by of team a Hillard these and Our transactions the done earnings Todd provide best an corporate has job work. their recovery navigating am
lease the value we create Well, in our always have or engage are transactions transactions to that about possibility for near-term opportunistic we planned. no additional amendments shareholders,
quarter second a Brookdale am to had with for our to remarkable to serve. the with quarter and I adjusted has priorities services strategic personalized high-quality EBITDA plans while guidance growth Brookdale the year. to we and in full care their summary, and filled seniors deliver continued first the exceeding year-over-year unwavering start year results commitment gratitude associates our In providing for deliver and the
our key in been This factor a success. has
enriching their the families We and to of and and in a achieve their our team that confident rapidly are the the residents will steadfast of opportunity number come. long-term strong even from our look grateful to forward started year and With lives larger our even future. are to the stronger seniors for passionate to dedication leadership an remain than associates, population and in serving years the in a community aging we success company we thrive and serve
turn I will to now the Don. over call
